What Next for HYPE? Price Prediction Based on Whale Buying Trend

Hyperliquid Hype Coin Price Prediction: Will $Hype Hit All-Time High?

The question going around is whether HyperLiquid (HYPE) is ready to make its next explosive rally. Ever since token advocate Arthur "Max" Hayes had his endorsement, crypto whales soon began their frenzy of scooping up millions of $HYPE, which means the question from investors remains: can HYPE break through the $40 resistance mark and sprint over to make a new ATH (all-time high) at $50? 

Why Hyperliquid Price is Going Up, Will It All-Time High 

Let's dive into the on-chain metrics, trading indicators, and prominent sentiments that trail behind the price move that HYPE is about to make.

HYPE Inches Toward $40 as Momentum Builds

The Hyperliquid, onshore perpetual trading platform and Layer 1 blockchain, is set for an unprecedented breakout. As of Tuesday, the altcoin was trading at $39.46, very close indeed to its previous all-time high (ATH), which was recorded at $39.96. Accompanied by distinctly bullish technical patterns and increasing derivatives activity from the exchange, HYPE managed to catch the attention of the broader market.

Hence, this price movement is not purely technical but has a narrative aspect. Arthur Hayes, the famous crypto investor, publicly talked of Hyperliquid's bullish trajectory, mentioning that it could go beyond $40. This has sparked a roar all across the crypto community.

Whale Activity Sends Bullish Signal

In a significant development, two crypto whales collectively purchased 385,720 HYPE tokens worth $14.9 million within just three hours, according to Hypurscan. One wallet (0x7E4E) acquired 259,367 HYPE at an average of $38.5, while another (0x5dE5) acquired 126,353 tokens at $39.1 and immediately staked them, showing long-term confidence.

For the huge accumulation over a short period, there is considerable bullish conviction, usually preceded by price rallies, especially when aligned with technical setups.

Derivatives Data Reinforces Bullish Bias

Coinglass data reveals that HYPE's Open Interest (OI) rose from $1.42 billion on Saturday to $1.69 billion by Tuesday, hitting an all-time high. This means higher open interest in futures markets indicates more money coming into the market and more speculative interest over the price support to keep rising.

Technical Analysis: $50 In Sight?

The altcoin has recovered more than 16% since Saturday, with the token closing near $38.80 on Monday and continuing to trend upward. The current price action is forming a solid base for a potential breakout above $40.

Source: TradingView

On the technical side,"If the altcoin manages a close above its all-time high at $39.96, the next objective zone will be at $50, which is conformed by the 161.80% Fibonacci extension drawn from the December high of $35.51 to the April low of $9.32. This is a classic extension zone from a bullish perspective and tends to act like a magnet in the discovery phases."

Indicators Flash Green—but Caution is Warranted

The relative strength index presently reads 69, which means strong bullish momentum, but it nears an overbought level at 70. Buyer dominance is reflecting at this moment; however, the slight indication toward short-term pullbacks had been sent. 

Meanwhile, MACD is about to have a bullish crossover, but the confirmation for a longer-term uptrend will come if it can be validated in the next session or so. Generally, momentum indicators coming into alignment are technical buy signals.

What If a Correction Hits?

Despite bullish fundamentals, a failure to scale above $40 and hold that level might trigger short-term selling. In such a case, the altcoin could drop back down to test the previous support near $33, which might be a suitable level to accumulate again, prior to upward movement.

Will HYPE Explode to $50?

With whales aggressively entering the market, with OI rising, TVL being inflated, and Arthur Hayes backing the project, Hyperliquid is undoubtedly attracting considerable attention. If momentum manages to hold, a break over the $40 mark will be the perfect gateway to unlocking a voyage towards $50 and beyond. 

Investors must look into technical confirmations and volume trends over the next few days. Is this the beginning of the breakout season for Hyperliquid, or is resistance going to prevent such an event?